If you run a small or medium-size business, chances are you haven’t felt a need to invest in extensive customer data, relying instead on your well-honed intuition to help you hold your own against data-rich, bigger competitors. A lot of small-firm owners and managers feel that way, and in many cases they’re justifiably proud of their competitive intangibles—a gut sense of the market and the flexibility to change quickly.
Small Businesses Need Big Data, Too
In a study, access to consumer data amplified small firms’ entrepreneurial spirit and collegiality.
December 05, 2013